Leftist - “But if there is a labor market, won’t that make labor cheaper?”
A third person - "Not necessarily. If the demand for labor is bigger than the supply then markets make labor more expensive.
Leftist - " How is that possible? "
A third person - " There are various ways. Workers could start more cooperatives or invest their savings in new companies"
Leftist - “But why should I care about markets when it is easier to change the political system?”
A third person - “Is it easier?”
If the capitalists expanded their workforce to Africa, South America and Asia, and the middle class was temporary happy with consuming slightly increased wages instead of seeding competition in those countries, then they hadn’t cared about markets.
The middle class always has the breathing room down to consuming as little as the poor. If they don’t use it to control markets, how are they going to maintain a socialist or communist system?
Damn this third person never heard about the reserve army of labor, the tendency for the rate of profit to fall, and like all of American history showing the hollowing out of working class power. JUST INVEST YOUR NON-EXISTENT SAVINGS INTO NEW COMPANIES ITS SO EASY. And please how will your worker coop survive in this hellscape with a bourgeois state over it? It will be outcompeted and swallowed immediately by corporations who have no qualms over worker or environmental rights. This isn’t china, Huawei (a worker coop) is villified and attacked at every turn here. You know maybe you have a point, let’s be more like China.
Does the third person argue that it is easy or does the third person only argue that it is easier than the alternatives? How easy would it be to run a revolution or just to establish a socialist party?
What is the third person missing about the reserve army of labor? To me, it seems that reducing the reserve army of labor is their main argument.
What the third person doesn’t mention is that there is a tendency to spend all possible income. The housing market shows that most people use reduced interest rates to increase their offer to outcompete somebody instead of sticking to their limits.
Are skilled workers willing to share their increased income with the poor? San Francisco has huge social problems even though many workers have a huge income.
